Organization and Basis of Presentation (Tables)

12 Months Ended

Dec. 31, 2013

Accounting Policies [Abstract]

Initial Public Offering and Related Transactions

Net proceeds from the IPO, including the exercise of the over-allotment option, were determined as follows:

Gross proceeds (including over-allotment)	$	28,980,000
Underwriting discounts and commissions and non-accountable expense allowance		(2,344,875	)
Total offering costs (excluding value of warrants granted to underwriter of $470,000)		(1,514,177	)
Net proceeds	$	25,120,948

Assumptions Used in Estimation of Fair Value of Issued Warrant

The fair value of the issued warrants was estimated using the Black-Scholes option pricing model with the following assumptions:

Assumed risk-free interest rate	1.44	%
Assumed volatility	71	%
Expected warrant life	5 Years
Expected dividend yield	0.0	%